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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (63534)1/31/2001 3:07:58 PM
From: chic_hearne  Read Replies (5) of 436258
 
The belief in Greenspan's ability to rescue the globe is beyond imagination.

Earlie,

I managed to catch the 15 minutes before and after the fed decision on CNBS and I was pretty stunned at the way these guys acted. It was Kudlow, Rukeyser, and two others. All of them were in consensus that this whole mess is Greenspan's fault. And no, I'm not talking about the way we see it starting in '95 or whatever time you pick. They're talking about the past 12 months and the rate hikes [or should I say excessive rate hikes that weren't needed].

Imagine that, we haven't even had one quarter of negative GDP growth and the scapegoat is already in place for the coming recession. The way they were talking, it doesn't matter if it's a 3 months recession, a 18 month recession, or a 5 year depression. It is Greenspan's fault.

I'm starting to think Kudlow is the most clueless person CNBS parades, even worse than Meeker or Blodget. I can't believe the job he has at ING Barrings.

chic
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